Healthcare Supply Chain Management Market Size, Share and Demand Forecast Report

The healthcare supply chain management market was valued at $2,090.5 million in 2021, and it is expected to reach $4,999.3 million at a 10.2% CAGR between 2021 and 2030. The rising need for cost reduction in the healthcare industry, adoption of GS1 standards, and increasing investments by healthcare providers and related product manufacturers in SCM solutions are some of the key drivers for the market.

The pandemic had a positive impact on the industry, as the demand for medical supplies and other related products skyrocketed. Cold-chain companies delivering vaccines and other medicines requiring temperature control invested in technological upgradations and new modes of operations. For instance, UPS, which acted as one of the major cold-chain companies offering temperature-controlled medical supplies, such as vaccine doses, accomplished timely delivery because of advanced SCM technology.

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In April 2022, TraceLink launched the multi-enterprise Supply Chain Work Management solution on the Opus Digital Network Platform, for the healthcare and life sciences industry. Other key market players taking such measures are SAP SE, Oracle Corporation, Infor Inc., McKesson Corporation, Tecsys Inc., Global Healthcare Exchange, Cardinal Health, Determine, Epicor, and Manhattan Associates.

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There is a huge amount of investment from medical device and pharmaceutical manufacturers and healthcare providers in advanced technology, for managing their supply chains and progressing toward automated processes. The most-prominent technologies in the healthcare supply chain management market include AI, IoT, 3D printing, product tracking, and logistics optimization, which can enhance the operations for users and offer opportunities to IT vendors.

Healthcare Supply Chain Management Market Segmentation Analysis
By Component
• Software and Services
• Hardware
By Deployment Type
• On-Premises
• Cloud-Based
By End User
• Healthcare Product Manufacturers
• Healthcare Providers
• Distributors and Retailers
• Logistics Companies
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
• Asia-Pacific (APAC)
o China
o India
o Japan
o Australia
o South Korea
• Latin America (LATAM)
o Brazil
o Mexico
• Middle East and Africa (MEA)
o Turkey
o Saudi Arabia
o South Africa

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